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DeVos Toughens Rules for Student Borrowers Bilked by Colleges | The New York Times

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Student Loan Truth: Jessica’s Art Institute Story | Blog

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Project on Predatory Student Lending

Project Vows to Challenge DeVos Over Devastating New Borrower Defense Rule that Will Gut Protections for Students | Press Release

Project on Predatory Student Lending Statement on Education Department’s Processing of Automatic Closed School Discharges For Former ITT Students | Press Release

The Project on Predatory Student Lending today issued the following statement after the U.S. Department of Education confirmed it has finally begun to process automatic closed school loan discharges for a select group of former students of the predatory for-profit college, ITT Tech.

Student Loan Truth: Jessica’s Art Institute Story | Blog

I’m beyond disappointed about the fact that the government isn’t doing anything to stop these schools from defrauding students in the first place. The fact that there is no protection for a vulnerable 21 year old signing a loan for the first time and being taken advantage of isn’t fair or responsible. You shouldn’t need a lawyer to be able to go to college.

Servicers Are Wrongly Denying Closed School Discharges to Art Institute of Phoenix Students. Why? | Blog

Borrowers are eligible for a closed school discharge as long as they didn’t complete their program or transfer credits to a comparable program and were enrolled within 120 days of the schools’ closure date—in this case, December 14, 2018.

Former for-profit college students will have $168 million in student debt cancelled | MarketWatch

More than 18,000 students who attended a now-defunct for-profit college will have $168 million in private loan debt discharged. The loan cancellation is part of a proposed deal between the Consumer Financial Protection Bureau, attorneys general of 43 states and the District of Columbia and Student CU Connect (or the CUSO), a company that held and managed private loans taken out by students at ITT Tech.

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ITT Trustee, CFPB, and States Settle with Private Lender to Eliminate Millions in Debt | Blog

Settlements Do More for Cheated ITT Students Than DeVos As Betsy DeVos and the Department of Education continue to sit idly, indifferent to massive fraud committed by ITT against more than 750,000 former students, the CFPB and a group of 44 states and the District of Columbia filed proposed settlements with one of ITT’s private…

Cancel Student Debt, Boost the Economy | Medium

In April, Senator Elizabeth Warren released a bold plan for free public college and debt cancellation. This transformational proposal takes direct aim at some of the deepest inequities in education in America, and it’s funded by her Ultra-Millionaire tax on wealth above 50 million. The plan includes a $50 billion minimum fund for historically Black colleges and universities (HBCUs) and minority-serving institutions, and will make public college tuition-free at both two- and four-year institutions.

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My Student Loan Truth: Wilfredo’s Art Institute Story

Wilfredo Morales attended the Art Institute of York in Alabama, which promised him a degree and a job in graphic design. Instead, the school convinced Wilfredo AND his mother to take out massive student loans, and failed to deliver an education.

Update | ITT Bankruptcy Settlement Does More for Cheated Students Than DeVos

When the final order of the ITT bankruptcy settlement became effective this month, the court approved cancellation of every dollar of student debt held by the for-profit college and allowed the students’ $1.5 billion claim as unsecured creditors. 

Update | Despite Court Order in its Favor, the Project on Predatory Student Lending Continues to Wait for DOJ to Produce Documents

Nearly three years after submitting its original Freedom of Information Act (“FOIA”) request, the Project on Predatory Student Lending is still waiting for the Department of Justice (“DOJ”) to fulfill its legal obligations to produce documents that Education Management Corporation produced to it in a federal whistleblower lawsuit.

Argosy University Closing Leaves Students Scrambling | Consumer Affairs

Another for-profit college has shut its doors, leaving many of its students with no degree and lots of debt. Argosy University, which operated brick-and-mortar campuses in Virginia, California, Illinois, Florida, Arizona, and other states had to turn out the lights after the U.S. Department of Education expelled it from the federal financial aid program.

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